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Response to Ofgem's open letter on market abuse under REMIT

Response to Ofgem's open letter on market abuse under REMIT

29 April 2016 5:00pm EDT

FIA responded to an open letter from Ofgem on market abuse under the Regulation on wholesale Energy Market Integrity and Transparency (REMIT).  The letter to Ofgem, the government regulator for gas and electricity markets in Great Britain, requested clarification on the following areas:

  • Automated trading via Trayport and other electronic platforms
  • Pre-arranged trades
  • Potential differences in interpretation between Ofgem and an exchange market surveillance department or an exchange's regulatory body
  • Conduct of enquiries and investigations

The full response is available here

 

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